Eaton Vance Limited Duration Income Fund (EVV)

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Eaton Vance Limited Duration Income Fund (EVV) is down 2.8% since the beginning of the year. EVV is currently trading at $9 per share. Investors who bought $1,000 worth of EVV shares 5 years ago would now be looking at an investment worth $1,139.

Eaton Vance Limited Duration Income Fund (EVV) has returned -2.78% so far this year and 0.43% over the past 12 months. Over the last ten years, EVV has returned 5.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jun 11, 2003, EVV's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.

Historically, 60% of months were positive and 40% were negative. The best month was Dec 2008 with a return of +12.2%, while the worst month was Sep 2008 at -19.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EVV closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +22.5%, while the worst single day was Mar 18, 2020 at -21.3%.

Eaton Vance Limited Duration Income Fund has an annualized alpha of 1.95%, beta of 0.47, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 11, 2003.

• This fund participated in 60.53% of S&P 500 Index downside but only 53.14% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.47 may look defensive, but with R2 of 0.27 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.27 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EVV has an expense ratio of 0.04%, which is considered low.

EVV ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Eaton Vance Limited Duration Income Fund provided a 9.47% dividend yield over the last twelve months, with an annual payout of $0.87 per share.

The table displays the monthly dividend distributions for Eaton Vance Limited Duration Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Eaton Vance Limited Duration Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Eaton Vance Limited Duration Income Fund was 51.37%, occurring on Oct 10, 2008. Recovery took 281 trading sessions.

The current Eaton Vance Limited Duration Income Fund drawdown is 4.58%.

The chart below shows the rolling one-month volatility.